Jacob Lew (Jack Lew)

News about Jacob Lew (Jack Lew), including commentary and archival articles published in The New York Times.

Chronology of Coverage

Jan. 12, 2015

Antonio Weiss withdrew his name from consideration in the face of liberal opposition, and will instead serve as a counselor to the secretary of the Treasury. MORE

Sep. 23, 2014

Treasury Secretary Jacob J Lew announces rules that are aimed at making it more difficult for American companies to lower their tax bills by relocating overseas and that would wipe out the benefits for those that do; changes are part of Obama administration's latest move to sidestep paralyzed Congress and tackle politically charged element of his agenda. MORE

Sep. 9, 2014

Treasury Secretary Jacob J Lew says he will decide what regulatory action the Obama administration can take to stop companies from moving abroad to avoid American taxes. MORE

Jun. 27, 2014

Treasury Sec Jacob J Lew, observing fifth anniversary of the Making Home Affordable programs, announces further steps by federal government to ease foreclosures, rising rents and scarce mortgages; move follows wave of criticism that department has not done enough to help homeowners in wake of financial crisis. MORE

May. 14, 2014

Treasury Secretary Jacob Lew, during trip to China, pushes country to allow market forces to decide its exchange rate; also presses senior officials there not to undercut Obama administration’s sanctions on Russia. MORE

Jan. 23, 2014

Treasury Secretary Jacob J Lew warns Congress that the government will most likely exhaust its ability to borrow in late February 2014, setting up yet another fiscal showdown with Republicans. MORE

Dec. 11, 2013

Jacob J. Lew, the Treasury secretary, said Dodd-Frank made the financial system safer, but simply asserting it does not make it so, Jesse Eisinger of ProPublica writes. MORE

Dec. 10, 2013

The so-called Volcker Rule, an effort to rein in risk-taking after the financial crisis, received approval after a laborious and contentious negotiation. MORE

Dec. 5, 2013

In a broad policy speech, Treasury Secretary Jacob J. Lew asserted that a bank bailout in any future crisis is much less likely, but he also urged overseas regulators to make their rules tougher. MORE

Jun. 18, 2013

Those awaiting a new, Slinky-like John Hancock upon their dollar bills may be disappointed by the Treasury secretary’s official signature. MORE

Apr. 10, 2013

Treasury Secretary Jacob J Lew's two-day effort to persuade European officials to consider shifting focus from austerity to growth is met with resistance, highlighting deep trans-Atlantic policy gulf that is likely to leave Europe as drag on global economy. MORE

Apr. 9, 2013

Treasury Sec Jacob J Lew urges European officials to adopt more growth-friendly policies; there is little indication, however, European Union is moving away from austerity path it has pursued to deal with debts and imbalances that emerged in 2008-9 financial crisis. MORE

Apr. 8, 2013

Jacob J Lew, commencing first European trip as Treasury secretary, will try to persuade finance ministers to pursue more growth and less austerity; Obama administration, along with several European officials, is concerned about potential cycle of austerity and recession wherein budget cuts lead to shrinking economies. MORE

Mar. 20, 2013

United States Treasury Sec Jacob J Lew meets with Chinese Pres Xi Jinping in first high-level encounter between American and Chinese officials since Xi assumed presidency; Xi, while indicating that he attaches great importance to relationship with United States, acknowledges divisions between countries, move unusual for Chinese leader. MORE

Mar. 4, 2013

New York University tax returns shows Dr Harold S Koplewicz, an executive at NYU Medical Center, received $1,230,00 payment in 2009-2010 fiscal year, around the time he left to found a competing organization; revelation follows discovery of NYU's sizable parting gift to Jacob J Lew, former university executive and now confirmed to lead Treasury Department. MORE

Feb. 26, 2013

Jacob J Lew, Pres Obama's nominee to lead Treasury Department, received $685,000 in severance pay when he left New York University in 2006 to take a job at Citigroup; disclosure is receiving scrutiny from Senate Republicans, who are raising questions about why such a large bonus was given to an executive who left a tax-exempt university voluntarily. MORE

Feb. 26, 2013

Jacob J Lew, who is poised to appear before Senate panel as Pres Obama's nominee for Treasury secretary, is expected to be confirmed despite questions about his finances and payment for past work, including his tenure at Citigroup. MORE

Feb. 14, 2013

Jacob J Lew, Pres Obama’s nominee for Treasury secretary, faces fierce questioning from Senate Finance Committee on his tenure at bailed-out Citigroup and on an investment based in the Cayman Islands; Lew parries blows and appears likely to win committee's approval and Senate confirmation. MORE

Jan. 10, 2013

Pres Obama will nominate his chief of staff and former budget director Jacob J Lew as secretary of Treasury; Lew has much less experience than predecessor Timothy F Geithner in international economics and financial markets, but has far more expertise in fiscal policy than Geithner did. MORE

Jan. 10, 2013

Background information on Jacob J Lew, President Obama's choice for the secretary of Treasury. MORE

Dec. 2, 2012

White House chief of staff Jacob J Lew has been entrusted by Pres Obama with guiding negotiations with Congressional Republicans to avert automatic tax increases and spending cuts on January 1, 2013; Lew is known as fierce negotiator, despite being one of most unassuming power brokers in Washington. MORE

Jan. 10, 2012

Pres Obama announces that White House Chief of Staff William M Daley is stepping down, to be replaced by Jacob J Lew, White House budget director and seasoned Washington insider with ties to Capitol Hill; announcement jolts the top ranks of the Obama administration, less than a year before he faces a difficult re-election. MORE

WHEN Jack Lew, the White House budget director, came to power, he took down an oil painting of a yachting regatta left on the office wall by a Republican predecessor and replaced it with scenes of working-class life. Then he started trying to replace the legacy of the Reagan revolution.

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